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Mixed Bag From Apple

Stock quotes in this article: AAPL , ADBE , MSFT , INTC  

Updated from April 19

Apple Computer (AAPL Quote) topped the Street's second-quarter earnings expectations on Wednesday, but offered more bad news than good in its latest financial update.

The company missed analysts' revenue expectations and offered disappointing guidance for the coming third quarter. Perhaps more disturbingly, the company's iPod shipments fell far below analysts' targets, which had already been revised downward in recent weeks.

But investors seemed to see only positives in the report. In early Thursday trading, Apple's stock was up $3.52, or 5.4%, to $69.17. ...

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